Through thoughtful investment and continued donor support, these resources expand opportunities, drive innovation, and ensure long-term financial stability for Texas State.
Generous donations to Texas State University through the Development Foundation enrich lives in the Bobcat community, enabling the Foundation to invest in student scholarships, Bobcat athletics, buildings and centers, and academic programs. Audited financial reports provide donors, alumni and stakeholders with recent fundraising results and impact at Texas State.
$162,563,374
Market Value as of 07.31.26
18.2%
Trailing 1-Year
14.4%
Trailing 3-Years
8.3%
Trailing 5-Years
The Texas State University Development Foundation preserves the purchasing power of contributions while providing steady earnings for the university. The portfolio is composed of mostly endowments, but also includes other non-endowed funds invested for the long term.
Foundation Net Assets
The Foundation’s net assets have grown significantly over the past decade, reflecting a sustained commitment from generous donors who believe in the university’s mission. Much of this growth is driven by the establishment of endowed funds, which provide long-term, stable support for scholarships, faculty excellence, and innovative academic programs.
Great stewardship means balancing today's opportunities with tomorrow's needs. The Texas State University Development Foundation is committed to protecting the enduring value of donor gifts while generating sustainable support that strengthens Texas State for generations.
Michal Waechter
Chair, Texas State University Development Foundation
Investment Portfolio Asset Allocation
Through a diversified asset allocation strategy, balancing equities, fixed income, and other investment classes, the Foundation can both grow and sustain endowed funds that support students, faculty, and university programs. This strategic approach ensures that donor-established endowments not only provide immediate impact but also generate long-term, reliable support.
Endowment Distribution Growth
Thanks to the generosity of donors and strong investment performance, the Development Foundation’s endowment distributions have grown substantially over the past decade, creating a sustainable source of support for Texas State University.
This continued growth expands opportunities across TXST and reflects donors’ enduring commitment to the university. Together, their philanthropy plays a vital role in building a stronger future for the Bobcat community.
Foundation Investment Policy
The long term objective of the Foundation is for the Portfolio to earn a return sufficient to preserve the purchasing power of the Foundation for generations, as well as to provide for current university needs. Thus, the Foundation’s assets will be invested with a long-term investment horizon, where preservation of real purchasing power of the Portfolio – while providing for the ongoing support of the University – is the primary objective. The investment strategy of the Foundation’s assets is to emphasize total return: the aggregate return from capital appreciation and dividends and interest income. Specifically, the long-term return goal for the Portfolio is expected to earn an average annual return at least equal to the nominal spending rate (including spending plus administrative costs) plus the expected rate of inflation, net of all fees, over the long-term (viewed over rolling three-year periods).
